Agreed at 65% LTV over a 12-month term, the loan will be used to both refinance an existing facility and provide funds for an onwards purchase in Birmingham.
According to Lendhub, the borrower required the funds urgently after another lender fell through on their commitments.
The security comprises a development in Richmond, which includes 20 apartments and a modern office space.
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Max Herman, head of lending at Lendhub (pictured above), said: “I’m extremely proud of our team for their ability to deliver this facility for the borrower in record time.
“By choosing Lendhub, the borrower was assured of our promise to deliver and certainty to lend.
“We are always looking for innovative, creative ways to make our borrowing journey simpler and faster, and it’s wonderful to see our efforts reflected in completions like these.”
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